Asia funds will lobby despite AIFM approval
Author: | Published: 21 Oct 2010
Asias hedge fund industry will continue to lobby on
behalf of managers and investors even though European finance
ministers have accepted the draft agreement of the EUs
Alternative Investment Fund Mangers (AIFM) directive.
Clifford Chances Asia regulatory practice co-head and
funds partner in Hong Kong, Mark Shipman, said efforts would
continue to safeguard Asian managers' ability to tap European
capital despite the improved position reflected in the most
There remains concern that non-EU based managers will
have to comply with the full text of the directive if they want
to access EU investors, he explained. This includes the
sections on remuneration, leverage...